Several sectors will soon see a drop in S Pass holders
Singapore’s new foreign policy will soon impact S Pass holders in the construction, marine shipyard and process sectors.
By 2023, the government aims to reduce the allowance of S Pass employees from 20% to 15% in the three industries, Deputy Prime Minister and Finance Minister Heng Swee Keat announced today in the Budget 2020 speech.
Heng added that the government will not reduce the ratio of S Pass holders in the manufacturing sector, considering the uncertain economic outlook.
Foreign worker levy rates will remain for all sectors in 2020.